Renault Unveils Its Industrial Metaverse, Aiming to Save $330 Million by 2025

Renault Unveils Its Industrial Metaverse, Aiming to Save $330 Million by 2025

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One of the most prominent automakers in the world, Renault, has recently announced the creation of the first industrial metaverse powered by data from all of its production lines. The company claims that by 2025, this digital twin replica will save $330 million by reducing warranty costs, delivery times, and carbon footprint.

The company is already operating an industrial metaverse of its operations through procedures enabling it to track data from its production lines. This industrial virtual world involves connecting production lines, observing the entire supply chain, and controlling almost all supply flows.

According to the company, using this technology will result in significant advantages, including savings of about $330 million by 2025. The industrial metaverse will reduce delivery times by 60%, and the carbon footprint of vehicle production will decrease by 50%. Renault also anticipates a 60% decrease in warranty costs.

Jose Vicente de Los Mozos, EVP at Renault Industry Group and Head of Country for Iberia, said: “Every day, billions of pieces of data are collected within Groupe Renault’s industrial sites. The metaverse provides real-time monitoring that increases the agility and adaptability of industrial operations, as well as the quality of production and the supply chain.”

The digital twin system, which Renault uses to power its metaverse, creates virtual versions of the company’s actual factories and production lines. Then, data streams from the same factories and production lines fitted with a vast data collection solution called ID@scale, currently being made available for other businesses, are fed into the system.

With some of its components enabling it to detect 300 alerts and prevent 300 production line halts, this framework has helped safeguard the company’s production process.

“This industrial metaverse is unique and allows us to activate efficiency and performance levers that were previously invisible for the benefit of people and the environment,” said Patrice Haettel, Vice President of Industry Strategy and Engineering.

With an industrial implementation in mind, other businesses also use the metaverse. Microsoft announced in October that it was attempting to connect its services with the metaverse to offer cloud services to aid industrial processes.

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